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Dorian LPG (LPG) Laps the Stock Market: Here's Why

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Dorian LPG (LPG - Free Report) closed at $31.73 in the latest trading session, marking a +2.06% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.21%. Meanwhile, the Dow experienced a rise of 0.25%, and the technology-dominated Nasdaq saw an increase of 0.45%.

Coming into today, shares of the liquified petroleum gas shipping company had gained 1.2% in the past month. In that same time, the Transportation sector gained 2.21%, while the S&P 500 gained 3.07%.

The investment community will be paying close attention to the earnings performance of Dorian LPG in its upcoming release. The company's earnings per share (EPS) are projected to be $1.4, reflecting a 300% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $120.72 million, indicating a 47.8% growth compared to the corresponding quarter of the prior year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.91 per share and a revenue of $410.88 million, representing changes of +72.25% and +17.43%, respectively, from the prior year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Dorian LPG. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, Dorian LPG is holding a Forward P/E ratio of 7.95. This expresses a discount compared to the average Forward P/E of 10.4 of its industry.

The Transportation - Shipping industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 191, placing it within the bottom 23% of over 250 industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.


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